Negative/exclusionary: We apply the Norsad exclusion list which is an extension of the IFC exclusion list, for the negative screening. We exclude sectors which could have an adverse impact on social and environmental risks. We also exclude investment that do not deliver an adequate developmental impact which we assess using the DEAT tool to ascertain the level of developmental impact.
Positive/best in class screening: Desk research, client discussions and a self-assessment forms are used to develop a preliminary summary of any ESG issues and opportunities. Norsad seeks investments that have a clearly articulated development impact and good track record in ESG. The final screening process is the presentation to the Norsad board of Directors where final approval is granted and any further guidance is given.
Norms-based screening: -We adhere to international standards such as:
- IFC Interpretation Note on Financial Intermediaries
- The World Bank Group Environmental, Health and Safety Guidelines (EHS Guidelines),